Professional Documents
Culture Documents
Adaptation Funding Gap For Africa
Adaptation Funding Gap For Africa
8 November 2021
Key Findings
● There is scientific consensus that Africa is the most vulnerable region to impacts of climate change.
● African governments currently spend between 2%-9% of their GDP on funding adaptation
programmes.
● Africa needs 20% of the total global spending needed to reduce the damage caused by rising
temperatures.
● In 2017, the estimated gap between how much Africa spent on adaptation and what it needed to
spend was about 80%. This gap is probably wider today.
● As the cost of adaptation rises for least developed countries (LDCs) on the African continent, the
gap between what is needed and what is pledged will widen without drastic change in current
financing models.
Least Developed Nations (NDCs) need for adaptation financing will rise
● Annual adaptation costs in developing countries, currently estimated at USD 70 billion, will rise to
USD 300 billion by 2030 and USD 500 billion by 2050.
● Research of the investments reported to the Development Assistance Committee’s creditor
reporting system could only verify that, over a five-year period (2014-2018), USD 5.9 billion of
climate adaptation finance was invested in LDCs where climate adaptation was the primary
objective.
● Less than 20% of the adaptation finance received by LDCs is invested in projects most likely to
deliver transformative adaptation. If this trend continues, this would equate to less than 3% of
estimated LDCs annual adaptation finance needs between 2020–2030.